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Other Current Assets | 12 Months Ended
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Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Current Assets | NOTE D – OTHER CURRENT ASSETS Our other current assets consist of the following:
|  | December 31, 2017 |  |  | December 31, 2016 |
Prepaid expenses |  | $ | 471,686 |  |  | $ | 582,616 |
Deposits |  |  | 23,841 |  |  |  | 26,846 |
Total other current assets |  | $ | 495,527 |  |  | $ | 609,462 |
For the period ended December 31, 2017, prepaid expenses consisted of $316,795 for directors and officers insurance, $67,447 marine insurance, $75,784 of professional services and $11,660 of other insurances. The deposit balance is comprised of deposits for office space and professional services. For the period ended December 31, 2016, prepaid expenses consisted of $260,321 for directors and officers insurance, $132,316 marine insurance, $166,389 of professional services and $23,590 of other insurances. The deposit balance is comprised of deposits for office space and professional services. All prepaid expenses are amortized on a straight-line basis over the term of the underlying agreements. Deposits are held by various entities for equipment, services, and in accordance with agreements in the normal course of business.

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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